Key drivers
– Tight supplies in the European ferro-vanadium market sparked strength this week, with the upper end of the market surpassing $90 per kg.
– Few consumers and traders were holding notable stocks so continued to show interest in the spot market amid rapidly rising prices.
– More than 70 tonnes of ferro-vanadium were reported traded in Europe, after several weeks of subdued trading during the summer. While spot market interest came predominantly from traders, an end user was seen booking at over $92 per kg on September 12.